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Simrantaneja

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  1. Asked: April 6, 2022In: Class 12 Economics

    Transactions that take place to cover deficit or surplus are called _________ transactions.

    Simrantaneja
    Added an answer on June 19, 2022 at 3:09 pm

    (i) Accommodating first option is correct.

    (i) Accommodating first option is correct.

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  2. Asked: April 6, 2022In: Class 12 Economics

    What do you mean by foreign exchange rate?

    Simrantaneja
    Added an answer on June 19, 2022 at 3:09 pm

    The price of one currency in terms of other currency is known as foreign exchange rate. It is the rate at which one unit of a foreign currency is exchanged for domestic currency. It indicates external value (purchasing power) of a currency in terms of other currencies. In other words, it is the pricRead more

    The price of one currency in terms of other currency is known as foreign exchange rate. It is the rate at which one unit of a foreign currency is exchanged for domestic currency. It indicates external value (purchasing power) of a currency in terms of other currencies. In other words, it is the price in domestic currency to obtain one unit of foreign currency.

    For instance – 1 US Dollar values 74 INR.

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  3. Asked: April 6, 2022In: Class 12 Economics

    What does price elasticity of supply measure or quantify?

    Simrantaneja
    Added an answer on June 19, 2022 at 3:09 pm

    Price elasticity of supply measure the responsiveness of quantity supplied of a commodity to change in its own price. This questions answer is given in NCERT Solutions for class 9 Economics PDF book in the website.

    Price elasticity of supply measure the responsiveness of quantity supplied of a commodity to change in its own price.
    This questions answer is given in NCERT Solutions for class 9 Economics PDF book in the website.

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  4. Asked: March 25, 2022In: Class 12 Economics

    Price determination of a commodity is subject matter if macroeconomics.

    Simrantaneja
    Added an answer on June 19, 2022 at 3:09 pm

    Incorrect! Because price determination of a commodity or factor is a subject matter of microeconomics.

    Incorrect! Because price determination of a commodity or factor is a subject matter of microeconomics.

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  5. Asked: March 27, 2022In: NCERT Solutions

    How to download NCERT Solutions for Class 3 Maths in PDF?

    Simrantaneja
    Added an answer on June 19, 2022 at 3:09 pm

    Aradhya you can locate the class wise and subject wise answers. Go to home page and there you will find filters. Or else you can visit this link : - https://www.tiwariacademy.com/ncert-solutions/class-3/maths/

    Aradhya you can locate the class wise and subject wise answers. Go to home page and there you will find filters.
    Or else you can visit this link : –

    https://www.tiwariacademy.com/ncert-solutions/class-3/maths/

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  6. Asked: April 3, 2022In: Class 12 Economics

    Define High powered Money?

    Best Answer
    Simrantaneja
    Added an answer on April 3, 2022 at 6:23 am

    High powered money or monetary base refers to the money produced by Reserve Bank of India or Government of India. In other terms. Total Liability of monetary authority of the country and R.B.I is called High powered money or monetary base of the country. It consist of (i) currency (notes and coins)Read more

    High powered money or monetary base refers to the money produced by Reserve Bank of India or Government of India.
    In other terms. Total Liability of monetary authority of the country and R.B.I is called High powered money or monetary base of the country.

    It consist of (i) currency (notes and coins) in the hands of public(C)

    (ii) Cash reserve of commercial banks ( R )

    (iii) Other deposits with R.B.I. (O D).
    Formula = H = C + R + OD

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